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Apollo Silver Announces $25 Million Strategic Investment by Eric Sprott and Jupiter Asset Management
Globenewswire· 2025-12-22 15:19
Core Viewpoint - Apollo Silver Corp. is conducting a non-brokered private placement offering of 5,000,000 units at a price of $5.00 per unit, aiming for total gross proceeds of $25,000,000, with participation from its largest shareholders, Eric Sprott and the Jupiter Fund [1][2]. Group 1: Offering Details - The offering consists of 5,000,000 units priced at $5.00 each, totaling $25 million in gross proceeds [1]. - Each unit includes one common share and one-half common share purchase warrant, with warrants exercisable at $7.00 for 24 months [3]. - The Jupiter Fund and Eric Sprott will each subscribe for 2,500,000 units, resulting in ownership stakes of approximately 12.1% and 9.6% respectively, on an undiluted basis [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund exploration and development activities across the company's projects, as well as for general working capital and corporate purposes [4]. Group 3: Company Overview - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US, the Calico project, which has a significant silver deposit and barite credits [7]. - The company also holds an option on the Cinco de Mayo Project in Mexico, known for its high-grade carbonate replacement deposit [7]. - Apollo Silver is led by an experienced management team, positioning the company to deliver value through exploration and development [7].
Copper Quest Completes Acquisition of Past Producing Alpine Gold Mine, Appoints New Director
Globenewswire· 2025-12-22 13:00
Core Viewpoint - Copper Quest Exploration Inc. has successfully acquired the Alpine Gold Property, transitioning from a primarily copper-focused company to a gold-focused opportunity, aiming to leverage the current high gold market while continuing to develop its copper properties [2][4]. Acquisition Details - The acquisition includes a 4,611.49-hectare property located approximately 20 kilometers northeast of Nelson, British Columbia, which previously operated as an underground mine with recorded production of about 16,810 tonnes of mineralized vein material [4][15]. - The company issued 14,177,517 common shares at a deemed price of $0.135 per share, totaling approximately $1.91 million as consideration for the property [15][16]. - Copper Quest will reimburse $225,000 towards 2025 expenditures incurred on exploring the property and has granted a 2% net smelter returns royalty to the seller [17][18]. Resource Potential - The property hosts a historical inferred resource of 268,000 tonnes with an average grade of 16.52 g/t Au, representing an inferred resource of 142,000 ounces of gold [5][4]. - There is an estimated 24,000 tonnes of Run-of-Mine mineralized stockpile on the surface, presenting a potential near-term cash flow opportunity [4][5]. - The property includes at least four additional relatively unexplored vein systems, all hosting historic high-grade gold values [4][5]. Leadership and Expertise - The company has appointed Allan Matovich, Ted Muraro, and John Mirko as key advisors, bringing over 150 years of combined mining and exploration experience [7][12][9]. - Allan Matovich has a significant history in mining and exploration, having previously owned the Alpine Gold Property and contributed to its development [7][8]. - Ted Muraro has extensive experience in mineral exploration, including significant roles at Cominco and various international gold projects [9][10]. Financial Aspects - The company has secured approximately $2 million in financing to support its exploration activities across multiple properties [2]. - A finder's fee of 587,212 common shares will be issued in connection with the acquisition, subject to a statutory hold period [19][16]. - The company intends to issue 218,620 common shares to settle outstanding debt for services previously provided, also subject to a statutory hold period [20][21].
Grafton Resources Enters into Definitive Option Agreement to Acquire 100% of the Alicahue Copper-Gold Project in Chile
Thenewswire· 2025-12-19 14:15
Core Viewpoint - Grafton Resources has entered into a definitive option agreement to acquire a 100% interest in the Alicahue Copper-Gold Project in Chile, marking a strategic move to build a high-value portfolio in a favorable mining jurisdiction [1][2]. Agreement Details - The option agreement grants Grafton Resources an exclusive option to acquire the Alicahue project, which spans 3,500 hectares at an average altitude of 1,700 meters, located 140 km from Santiago and 67 km from the coast [1]. - The agreement includes a structured payment plan over five years, with cash and share considerations totaling US$1,000 at signing, US$74,000 and US$75,000 at the first and second anniversaries, respectively [4][5]. - Grafton is required to incur US$4,000,000 in exploration expenditures over the first four years, with a minimum of US$500,000 per year [5]. Financial Obligations - Upon successful completion of exploration commitments, Grafton can exercise the option by making a payment of US$3,000,000 [5]. - The vendor will retain a 2.0% net smelter returns (NSR) royalty, with Grafton having the option to repurchase half of the NSR for US$5,000,000 [5]. Exploration Potential - The Alicahue project is situated in a metallogenic belt known for large porphyry deposits, indicating significant exploration potential for copper and gold [2]. - Ongoing mapping and sampling will be complemented by an airborne MMT geophysical survey planned for early 2026 [2]. Share Issuance and Finder's Fee - Grafton has issued 312,955 common shares as part of the signing payment, valued at C$0.44 per share [6]. - A finder's fee of 7% on the total value of the option will result in the issuance of 1,450,400 common shares, with the first 500,000 shares issued upon signing [7].
Apollo Silver Secures 100% Interest in Athena Claims at Langtry
Globenewswire· 2025-12-18 12:00
Core Viewpoint - Apollo Silver Corp. has successfully completed the acquisition of 100% interest in the Athena Claims, part of the Calico Silver Project, enhancing its position in the silver mining sector [1][2][3]. Group 1: Acquisition Details - The acquisition of the Athena Claims was finalized under the Option to Purchase Agreement, with a total purchase price of US$1,000,000, of which US$950,000 was the final cash payment after credits for prior payments [2]. - The Company made an initial payment of US$15,000 in December 2020, followed by annual payments of US$25,000 from 2021 to 2024 [2]. Group 2: Royalty Agreement - Apollo Silver has granted a 1% net smelter return (NSR) royalty to Athena Minerals on future mineral production from the Athena Claims, with a total royalty burden not exceeding 2% on any claim [3]. Group 3: Project Significance - The Calico Silver Project is one of the largest undeveloped silver projects in the U.S., with a Mineral Resource Estimate of 125 million ounces (Moz) of silver in the Measured and Indicated category and 58 Moz in the Inferred category [4]. - The project is strategically important due to the designation of silver as a critical mineral in the U.S. and the growing industrial demand for secure domestic supply [4]. Group 4: Company Overview - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the U.S., with significant barite and zinc credits recognized as critical minerals essential to the U.S. energy and medical sectors [8]. - The Company also holds an option on the Cinco de Mayo Project in Mexico, which features a high-grade carbonate replacement deposit [8]. Group 5: Outstanding Warrants - As of December 18, 2025, Apollo Silver had 34,903,440 outstanding share purchase warrants, each exercisable into one common share at an exercise price of $3.95, expiring on July 8, 2026 [7].
Intrepid Metals Announces Strategic Investor: Teck to Acquire a 9.9% Equity Interest to Fund Exploration on the Corral Copper Project in Arizona at $0.45 per Share
TMX Newsfile· 2025-12-18 12:00
Core Viewpoint - Teck Resources Limited has agreed to acquire 8,800,000 common shares of Intrepid Metals Corp. at a price of $0.45 per share, raising gross proceeds of $3,960,000, which represents 9.9% of the company's outstanding shares on a pro forma basis [1][2]. Group 1: Investment Details - The offering price of $0.45 per share represents a 13% premium to the trailing 20-day volume weighted average price of Intrepid on the TSX Venture Exchange [1]. - Proceeds from the offering will fund a 24-month exploration and development program at the Corral Copper Project, which includes a 50 line-kilometre induced polarization survey, geological mapping, geochemical sampling, and follow-up drilling [2][4]. Group 2: Strategic Partnership - Teck's investment is seen as a cornerstone investment, reflecting the strategic relevance of the Corral Copper Project and its potential for high-grade copper-gold-silver intercepts [2]. - An investor rights agreement will be established, granting Teck participation rights in future equity financings, the right to nominate two representatives to a technical committee, and a right of first refusal on any proposed transfer of the company's interest in the Corral Copper Project [3]. Group 3: Project Background - The Corral Copper Property is located in Cochise County, Arizona, near historical mining areas, and is considered an advanced exploration and development opportunity [6]. - Historical drilling at Corral has produced over 50,000 meters of data, which Intrepid is using to enhance exploration targeting and planning [7][8]. - The company aims to combine modern exploration techniques with historical data to advance the Corral Copper Property towards development studies [8].
VIZSLA SILVER TO ACQUIRE STRATEGIC CLAIMS SURROUNDING PANUCO FROM FRESNILLO PLC
Prnewswire· 2025-12-18 11:00
Core Viewpoint - Vizsla Silver Corp. has entered into an agreement to acquire ten mining claims from Fresnillo, enhancing its exploration potential in the Panuco – San Dimas corridor, which is known for its silver and gold resources [1][2]. Acquisition Details - The acquisition involves ten claims covering 2,378 hectares, with seven strategic claims adjacent to the Panuco project, totaling 1,734 hectares [1][3]. - The company will pay US$2,000,000 and issue 854,697 common shares as part of the acquisition agreement [7][8]. Strategic Importance - The strategic claims are located along a trend of known mineralized structures and are expected to provide high-priority exploration targets, potentially increasing the overall resource base and improving mine economics [2][4]. - The claims are situated in a region with estimated historic production of 1.2 billion ounces of silver and 15 million ounces of gold [3]. Geological Context - The main lithologies in the strategic claims include favorable andesite lavas and tuffs, with potential vein systems extending into the claims from the Panuco project [4]. - Ongoing LiDAR surveys and regional mapping are planned to identify areas of known mineralization within the strategic claims [5]. Company Overview - Vizsla Silver is focused on advancing its flagship Panuco silver-gold project in Sinaloa, Mexico, which recently completed a feasibility study indicating significant production potential and strong economic metrics [10].
NorthWest Reports Results from Two Holes at Its Kwanika Property Highlighted by a Near Surface Intercept of 59.8 Metres of 0.70% Copper and 0.95 g/t Gold (1.57% CuEq) from 41 Metres
Globenewswire· 2025-12-17 11:00
Core Insights - NorthWest Copper Corp. reported strong near-surface drill results from its Kwanika project, indicating successful expansion of mineralization zones and potential for further exploration [1][3][4] Drill Results - The two drill holes, K-25-265 and K-25-266, intersected multiple zones of near-surface mineralization, with K-25-266 showing 59.8 meters grading 0.70% Cu and 0.95 g/t Au (1.57% CuEq) [2][4] - K-25-265 returned significant intervals, including 39.4 meters of 0.57% Cu and 0.73 g/t Au (1.23% CuEq) [4][22] Exploration Program - The 2025 exploration program aims to confirm and expand the understanding of higher-grade copper-gold mineralization within the Kwanika project [7][28] - The program focuses on three key higher-grade zones: Pit, Central, and Western Zones, targeting grades of 1.5% to 2.5% CuEq over thicknesses of 30 to 45 meters [5][6] Geological Insights - The drilling results have improved the understanding of structural controls on mineralization, with the identification of new zones such as Pit Zone 12 [4][17] - Geological analysis indicates that the mineralization is hosted in various rock types, including diorite and monzonite porphyry, with significant potassic alteration [12][20] Future Outlook - The results are expected to support a higher-quality mineral resource estimate and lead to a more economically robust development plan, enhancing the potential for a future preliminary economic assessment (PEA) [3][4] - The company believes that a higher-grade open pit could provide a strong economic foundation for future assessments [3][4]
Blue Star Gold Announces Closing of Non-Brokered Private Placement
TMX Newsfile· 2025-12-16 01:00
Core Viewpoint - Blue Star Gold Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $600,000 through the issuance of 3,000,000 flow-through common shares at a price of $0.20 per share, pending final approval from the TSX Venture Exchange [1] Group 1: Private Placement Details - The private placement raised gross proceeds of $600,000 through the issuance of 3,000,000 flow-through common shares at $0.20 each [1] - The flow-through shares qualify under the Income Tax Act (Canada), and the company will renounce expenditures to investors for the taxation year ending December 31, 2025 [2] - A finder's fee of $36,000 was paid to a qualified arm's length party in accordance with Exchange policies [2] Group 2: Use of Proceeds - The net proceeds from the private placement will be used to incur Canadian exploration expenses on projects in Nunavut before December 31, 2026 [3] - Additionally, the net proceeds will be allocated for general working capital purposes [3] Group 3: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings exceeding 300 square kilometers in the High Lake Greenstone Belt [4] - The company owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit and numerous high-potential exploration targets [4] - The future deep-water port at Grays Bay is located 40 - 100 km north of the properties, with a proposed route corridor for the all-weather Grays Bay Road passing near the Roma and Ulu Gold Projects [4]
Pinnacle Prepares for Underground Drill Program on High-Grade Gold-Silver Targets at El Potrero
Thenewswire· 2025-12-15 13:30
Core Insights - Pinnacle Silver and Gold Corp. has initiated an underground drilling program at the El Potrero gold-silver project in Durango, Mexico, following systematic underground channel sampling that identified high-grade mineralization [1][3] - The drilling program will involve approximately 2,600 metres of drilling across 112 holes, with a focus on delineation rather than exploration, aiming to establish a preliminary mine plan [2][3] Geological and Sampling Details - The geological team has conducted systematic underground channel sampling, collecting 773 samples from three historic mine workings along 500 metres of the Dos de Mayo epithermal vein system, with grades reaching up to 85.1 g/t Au and 520 g/t Ag [1][2] - Surface channel samples above the historic mines showed grades up to 37.4 g/t Au and 2,280 g/t Ag, indicating continuity of mineralization to the surface [1] Drilling Program Overview - The drilling program will test the vein structure every 12.5 metres along strike and vertically, with drill holes expected to be relatively short, ranging from 20 to 25 metres [2] - The entire drilling program is anticipated to take about six weeks to complete, with initial development work required in the historic workings to ensure safe drilling conditions [3] Project Background - The El Potrero project is located in the Sierra Madre Occidental region, within 35 kilometres of four operating mines, indicating a favorable mining environment [14] - The project features a low-sulphidation epithermal breccia vein system with significant exploration potential, having not been systematically explored by modern methods for nearly 40 years [15] Future Development Plans - The company plans to refurbish a previously operational 100 tpd plant on-site and rehabilitate historic underground mine workings to achieve near-term production once permits are secured [16] - Pinnacle aims to earn an initial 50% interest upon commencing production, with the goal of generating cash flow to further develop the project and increase ownership to 100% [17] Company Overview - Pinnacle Silver and Gold Corp. focuses on developing precious metals projects in the Americas, with a commitment to building long-term, sustainable value for shareholders [18]
Pasinex Receives MAPEG Approval for Horzum AS; Announces 1,000-Metre Development Plan for Pinargözü Mine
Globenewswire· 2025-12-12 12:30
Core Viewpoint - Pasinex Resources Limited has secured 100% ownership of Horzum Arama ve Madencilik AŞ, enabling full control over the high-grade Pinargözü zinc mine in Türkiye, with plans to expand production and explore deeper mineralization [1][2][4]. Group 1: Ownership and Corporate Structure - Türkiye's General Directorate of Mining and Petroleum Affairs (MAPEG) has approved the transfer of shares in Horzum AS to Pasinex Arama, completing the ownership transition [1][2]. - Final corporate registration procedures for the ownership transfer are expected to be completed by December 31, 2025 [2]. Group 2: Development and Exploration Plans - A comprehensive development plan has been finalized to expand production capacity and access deeper high-grade mineralization at the Pinargözü mine [3]. - The upcoming program will focus on two primary exploration opportunities, targeting geological potential and continuity of high-grade zinc mineralization [3][8]. Group 3: Management Insights - The Executive Chairman of Pasinex emphasized that the MAPEG approval is a transformative milestone, allowing the company to unlock the mine's deeper potential [4]. - A new 1,000-metre adit will be developed to access identified high-grade sulphide zones and prospective marble-altered zones, enhancing discovery potential [4][7]. Group 4: Workforce and Infrastructure Development - Recruitment of additional technical staff and underground personnel has commenced to support increased mining activities [7]. - The 1,000-metre development project is set to begin in early January 2026, including a 700-metre decline to access lower levels and additional infrastructure for ventilation and drilling [7]. Group 5: Mineralization and Resource Expansion - Drilling has intersected high-grade zinc sulphide mineralization, including 1.5 metres of material with 43% zinc at the 425-metre level, indicating significant potential for resource expansion [8]. - Numerous secondary high-grade zinc veins have been identified, with plans for a dedicated drilling campaign to evaluate their continuity and expand the resource inventory [8]. Group 6: Company Overview - Pasinex Resources Limited is a zinc-focused mining company based in Toronto, Canada, with 100% ownership of Horzum AS, which operates the Pinargözü high-grade zinc mine [11]. - The company also holds a 100% interest in the Sarıkaya Group IV lead-zinc operating license and a 51% interest in the Gunman Project in Nevada, indicating further growth potential [12].